PART 14 U.K.THE FEE-PAID JUDICIAL ADDED SURVIVING ADULT'S PENSION SCHEME
CHAPTER 3U.K.ACTIVE JASAPS MEMBERS
Purchase of added surviving adult's pension by active JASAPS membersU.K.
123.—(1) A notice given under regulation 117(2) by an active JASAPS member (“M”) must specify—
(a)M's assumed contribution commencement date;
(b)M's assumed retirement age;
(c)the number of qualifying fee-paid days which M proposes to work each year to the period ending with the date on which M reaches M's assumed retirement age; and
(d)the number of units of added surviving adult's pension which M intends to purchase.
(2) The maximum number of units which an active member may purchase in the JASAPS is the amount which the administrators determine would produce a pension equal to a sum calculated in accordance with the formula—
where—
A is—
where M held a single judicial office on the assumed contribution date, the salary which would have been M's appropriate annual salary if M had retired on that date;
where M held more than one judicial office on the assumed contribution date, the salary which would have the highest appropriate salary of these offices if M had retired on that date; and
Y is M's reckonable service between the date on which M first held eligible fee-paid judicial office (or 7th April 2000 if later) and date on which M reaches M's assumed retirement age (assuming that M works the number of qualifying fee-paid days notified under paragraph (1)(c)) expressed in years and fractions of a year to four decimal places;
Z is—
if M is purchasing added years, the number of added years which M would have purchased by the date on which M reaches M's assumed retirement age, or
if M is not purchasing added years, nil.
(3) The date on which M is to start payment of periodic contributions (“the periodic contributions start date”) must—
(a)be within 12 months of the date on which M gives the notice, and
(b)be agreed between M and the administrators.